Breaking news: After the results of the elections followed by the world, Rishi Sunak officially started his duty. Liz Truss assumed the task with the election held after Boris Johnson, who resigned after his name was involved in many scandals. However, Truss resigned after 45 days. Truss was replaced by his election rival, former Finance Minister Rishi Sunak. Altar received the mandate to form the government from King Charles III.
THE FIRST PRIME MINISTER AUTHORIZED BY KING CHARLES
Announcing her resignation from the ruling Conservative Party leader on 20 October, Liz Truss presented her resignation to King Charles of England after her final address to the nation in front of the Prime Minister’s Residence Number 10.
Meeting with King Charles III after Truss, Altar took the task of forming the government from the King, thus officially becoming the new prime minister of England.
Altar also went down in history as “the first prime minister given the task of forming a government by King Charles III”, who came to the throne after the death of Queen Elizabeth II on 8 September.
SUNAK HAS BEEN THE LEADER OF THE CONSERVATIVE PARTY AND THE NEW PRIME MINISTER OF THE COUNTRY
After Truss, who often made the promise of “tax cuts” during the election campaign, took over as prime minister, the government announced on September 23 that it was preparing to implement tax cuts that would amount to 45 billion pounds in total.
This situation increased the expectations that the country’s foreign borrowing would increase and caused the sterling to experience a sharp depreciation.
After harsh criticism of the economic plans, the British government abandoned its plan to abolish the top income tax rate of 45 percent.
Truss, who had been behind the tax cut plan many times before, could not stand the public pressure and dismissed Kwasi Kwarteng as Minister of Finance on 14 October and replaced him with Jeremy Hunt.
Despite apologizing for “mistakes” that caused significant market volatility, British public debate had already begun over how long Truss would remain in office.
Prime Minister Truss announced his resignation on October 20, following the political and economic turmoil in Britain.
Former Finance Minister Sunak, who struggled to replace Truss, stated that his rival Penny Mordount supported him, and after he withdrew from the leadership race yesterday, he became the new leader of the party and also the new prime minister of the country as the only candidate.
(AA)